Some governments (like El Salvador and Russia) are moving into bitcoin mining. If more nation-states accumulate BTC, what impact will this have on decentralization and price stability? Could this lead to geopolitical bitcoin wars?
If governments keep on investing in Bitcoin mining, I don't see a price stability happening. That's the inherent structure of Bitcoin. The volatility is something that keeps the investors and traders in the market.
probably the op dont know the true meaning of bitcoin price stability, because if he knows he will not say that. if bitcoin is stable what then drives the massive adoption? because volatility of bitcoin makes people want to accumulate more.
However, there's a definite risk on decentralization. Right now, if you would like to purchase Bitcoin legally, first thing you need to do is KYC. The chances of getting Bitcoin anonymously is getting slimmer day by day.
yeah the only way to purchase bitcoin legally now is by doing KYC which involves revealing your identity, so the chances of purchasing bitcoin anonymously is getting slimmer by the day. but the only way i see one can do that is by buying bitcoin directly from someone through DEX p2p. although that one is not even anonymous though but it is somehow better than government regulating your transactions from a KYC exchange.
Although total anonymity is not that good because some group of people might just purchase a large number of bitcoin and hodl for some time and sell to liquidate the market and of couse that will dump the market. so the best way to avoid people who want to buy bitcoin in large quantity and having control of the market is by making sure any person or group of people that want to purchase bitcoin in large quantity will require to do KYC to be able to know them incase they want to sell and liquidate the market due to the large number of bitcoin in there possession, then the necessary thing will be done to prevent geopolitical war.